Simpson Thacher has advised Smart Metering Services (“SMS”), a KKR portfolio company, on its combination with Horizon Energy Infrastructure (“HEI”) and Smart Meter Assets (“SMA”) to create one of the leading providers of UK smart metering infrastructure (the “Group”). HEI and SMA’s portfolio represent a total of 3.5 million installed meters, and together the Group will manage over 6 million meters. HEI and SMA are currently owned by Arcus Infrastructure Partners, who will transfer ownership to KKR, who acquired SMS in April 2024.
The transaction was announced on 28 November 2024.
The Simpson Thacher team includes Amy Mahon, Jewel Zhu, Bella Sullivan, Matt Fowler, Rhona Luithle and Steven Hood (Corporate); Étienne Renaudeau, Luke Cowdell, Pauline Patat and Julia Kingwill (Antitrust); Sarah Lindley and Oliver Rosshandler (Tax); and Owen Lysak, Nicholas Westbrook, Matthew Mears and Ruben Tjon-A-Meeuw (Regulatory).